BAXTER INTERNATIONAL INC

For the period ended Mar 31, 2025. Filed May 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 6, 2025

BAX$26.42+0.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income (Loss)

Condensed Consolidated Statements of Income (Loss) (unaudited)

(in millions, except per share data)

	Three months endedMarch 31,
	2025	2024
Net sales	$2,625	$2,490
Cost of sales	1,764	1,529
Gross margin	861	961
Selling, general and administrative expenses	703	729
Research and development expenses	140	120
Other operating income, net	(40)	(3)
Operating income	58	115
Interest expense, net	64	78
Other (income) expense, net	(3)	(9)
Income (loss) from continuing operations before income taxes	(3)	46
Income tax expense (benefit)	(67)	40
Income (loss) from continuing operations	64	6
Income (loss) from discontinued operations, net of tax	62	33
Net income (loss)	126	39
Net income attributable to noncontrolling interests included in continuing operations	—	—
Net income attributable to noncontrolling interests included in discontinued operations	—	2
Net income attributable to noncontrolling interests	—	2
Net income (loss) attributable to Baxter stockholders	$126	$37
Income (loss) from continuing operations per common share
Basic	$0.13	$0.01
Diluted	$0.13	$0.01
Income (loss) from discontinued operations per common share
Basic	$0.12	$0.06
Diluted	$0.12	$0.06
Income (loss) per common share
Basic	$0.25	$0.07
Diluted	$0.25	$0.07
Weighted-average number of shares outstanding
Basic	512	508
Diluted	514	510

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.